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Huge Week of Economic Reports Having No Effect So Far


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#1 robo

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Posted 03 May 2012 - 09:32 AM

They just keep buying the dip.....and I'll just keep buying the rallies.....HDGE!

Current position - HDGE

Huge Week of Economic Reports Having No Effect So Far.
May 3rd, 2012 Tuesday, May 1, 9:25 a.m.

Yet some of the reports have been dramatic. Among them, the Chicago PMI Index plunged from 63.3 in March to 56.2 in April. The Dallas Fed Mfg Index plunged from 10.8 in March all the way into negative territory at -3.4 in April. Construction Spending was up only 0.1% in March versus the consensus forecast of an increase of 0.5%, AND the previously reported decline of 1.1% in February was revised to a decline of 1.5%.

On the positive side the national ISM Mfg Index rose to 54.8% in April from 53.4 in March.

http://www.streetsma...-effect-so-far/

Edited by robo, 03 May 2012 - 09:35 AM.


#2 diogenes227

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Posted 03 May 2012 - 11:03 AM

Took a look at HDGE and its holdings. Thanks for the head's up on this.

Been looking for a list of short candidates and their holdings are as good a list as any to put in play (they're certainly having a good day in GMCR), besides the possiblity of HDGE itself breaking out of its base.

Good luck and good trading. :)

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"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx.

I spent half my money on gambling, alcohol and wild women. The other half I wasted, W.C. Fields.

#3 robo

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Posted 03 May 2012 - 12:21 PM

[quote name='diogenes227' date='May 3 2012, 09:03 AM' post='620446']
Took a look at HDGE and its holdings. Thanks for the head's up on this.

Been looking for a list of short candidates and their holdings are as good a list as any to put in play (they're certainly having a good day in GMCR), besides the possiblity of HDGE itself breaking out of its base.

Good luck and good trading. :)

My only long will be GDXJ....started buying it today @ 22.00 - down to 21.82 now and I'll keep adding.

The best thing about HDGE is no slippage if you plan on holding it for more then a day trade.


Hope your trade works out.....